Three-time PQ magazine award winner, Tom Clendon, explains IAS 36 Impairment of Assets, in our latest Back to Basics video series.
Clendon explains that when we say an asset is impaired that is a bad thing! After all we aren’t going to recover the value of the asset in the carrying value in the books, at the moment.
In this short 6.39-minute video he shows you what an impairment loss is and how you account for it.
Check out Impairment in our Series 2 playlist: https://www.youtube.com/watch?v=GKPQZsvMbds&list=PLk8Z8BtBQBCbXz7I0rvWiscPKHAii8XjO.
For more great Back to Basics videos go to the PQ magazine YouTube channel.
